Sovereign wealth funds offer limited relief to investors

Investors are pinning their hopes on purchases by sovereign wealth funds. But these deals are likely to be sporadic, and not particularly generous.

Property development company Minerva, for example, is ready to accept a bid from Dubai, on which Rothschild is advising, worth Â£260m (â¬329m), or 160p a share. This compares to Minervaâs claim that its assets were worth 306p a share as recently as February. Minervaâs share price was only 120p immediately after the bid, implying doubts that the deal will go ahead.